Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies Policy and Privacy Policy.

AITC factsheet explains split-cap trust details

The Association of Investment Trust Companies is publishing a new factsheet to explain the complex world of split-capital investment trusts.

The guide is the latest move in the AITC&#39s “its” campaign and is intended to bea learning aid for IFA clients as well as direct investors.

The free factsheet breaks down the type of investor best suited to investing in split caps, explaining the different types of share classes.

The split-cap market has £11.2bn under management, representing around 14 per cent of the total investment trust industry.

This month has seen the launch of several new split-cap trusts, with further launches this autumn. Aberdeen Asset Management and LeggMason Investors have both launched US split-cap funds while BFS Investments has launched a UK-based fund. Investec Asset Management is considering a new European split-cap trust to be managed in part by Blackrock&#39s star fund manager Albert Morillo.

Recommended

IFAs and product providers fear income-drawdown policies could be plunged into fresh controversy over so-called “orphan plans”.Orphan income-drawdown policies are cases where an adviser takes the maximum up-front commission and then goes out of business, leaving the policyholder with no one to turn to for advice.With no further commission available for ongoing advice, other IFAs […]

Lambeth Building Society has changed its lending criteria and increased the commission paid to IFAs.For every completed mortgage, IFAs can now earn the greater of £200 or 0.2 per cent.Higher rates are available for IFAs who introduce bulk amounts of mortgage business to the Lambeth.Lambeth says it recognises the loss of income to IFAs resulting […]

IFAs believe that Standard & Poor&#39s decision to offer its research free of charge may usher in a ratings&#39 revolution.It could not have come at a better time. Faced with such a bewildering choice, often among products which at first glance bear no obvious differences, fund selection has become a time-consuming and tricky process.Although companies […]

E-commerce software provider Focus Solutions has won a contract to supply technology to Scottish Provident and NPI.Focus will provide the companies with its goal:proposal package which enables new business applications to be made online.Applications are sent out across multiple channels to IFAs, who complete and return them electronically to the product provider for processing and […]

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

Newsletter

Latest from Money Marketing

You have to do hard things to be successful in life. The things no one else does. Why? Life coaches will tell you those are the things that define you; the things that make the difference between existing and living. This may well be true but if that does not float your boat, then American […]

Only a quarter of women are shopping around for their retirement income, according to national IFA LEBC. Customers of LEBC pension advice business The Retirement Adviser are far more likely to use its whole of market service to find the best retirement income solution if they are male. LEBC says the proportion of women using […]

A weekly account of the curious goings-on in the world of financial services A game of Brexit MonopolyLast week, in a foreign policy speech, Theresa May said Brexit negotiations were in their “endgame”. WSJ thinks this is highly unlikely, having heard that not even a quarter of European law has been rolled over yet. Wingate […]

19th November 20182:58 pm

Comments

Leave a comment

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.